they're targeting 20 tps which is roughly 5x bitcoin and pretty similar to ethereum's tps. they're planning to rely on layer 2 scaling because bram thinks sharding is a bad idea when it comes to security. it's definitely not competing with s3, just trying to be better than bitcoin in terms of decentralization, power usage & programmable money with chialisp & colored coins.
Wait, it's not like Filecoin, where the space is made available to other people? The storage is just being deliberately wasted? That sounds ridiculous.